Uber reportedly offers to buy food delivery company GrubHub

Valentyn Ogirenko/Reuters

The two companies are currently in talks about a deal and could reach an agreement as soon as this month, the report said, citing people familiar with the matter.Story continues below advertisement Global lockdown orders aimed at curbing the spread of the virus have been a silver lining amid the health crisis for Uber’s loss-making food delivery unit, with many new customers and restaurants signing up for the service as eateries were shut.

globebusiness Zero profit ever seeks to expand. I am so tired of these Public Corporations that have made no money buying other entities in some insane theory of Growth through Acquisition magically = Profits.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada’s Biggest Companies Offered Federal Help Amid COVID-19 CrisisCanada’s biggest companies offered federal financing amid COVID-19 crisis cdnpoli
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Feds offering loans, 'not bailouts' to large companies to stay afloat amid COVID-19: PMThe federal government is rolling out a new multimillion-dollar loan program aimed at providing financing access to large employers impacted by COVID-19 and the economic downturn it's prompted, but Prime Minister Justin Trudeau said this aid are loans and 'not bailouts.' Only SNC gets free $ I guess Sounds good, but please don’t turn around and forgive the loans a few years from now. Big business can handle it. Trudeau should not be allowed to answer any questions about money. He s a complete disaster.
Source: CTVNews - 🏆 1. / 99 Read more »